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20121205
20121213
Search Results 0 to 7 of about 8 (some duplicates have been removed)
of what he had to say regarding the fiscal cliff and the threat that looms. let me play it. >> when it comes to raising taxes on the wealthy, those making more than $250,000, if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. >> so is it a bluff when the obama administration says they're willing to go off the cliff if a deal is not reached on rates? >> i don't think it's a bluff. if you look at the reality of what happens, all the leverage which i -- right now clearly the white house has. they get more leverage if we go over their cliff. you can argue that would not send a good message to the country, to the world. it would prove that we are dysfunctional and cannot govern, et cetera, et cetera. in terms of dealing with the policy problem, which is you have this massive and growing debt, you have to bring in more revenues. there's multiple ways to do it, but critical ways to raise rates on the top end. it was what
ahead of the fiscal cliff that presumably will include a rise in the rate on capital gains and how dividends had the income that a stock may pay will be taxed in 2013. some of them are selling today when they know and that sort of income will be. however the stock market has been on a glide path over the past couple of weeks. this signals two things. that investors had this before the deal end. it doesn't matter because as it slips into january. it will be a resolution after congress comes back on the third of january or if not that before the president is inaugurated again on the 20th of january. you saw how the market is higher by about 40 points on the dow. >> thank you so much and good to see you. still ahead, thousands of voters waited in hours long line on election day like these folks in florida. eric holder is calling for voting changes. what he is proposing. one of the things we thought you should know. we will talk about how bob menendez is preparing for the next battle in congress, immigration. conservative leaders are giving cover to house republicans, fearful of the im
with the fiscal cliff and there's hot rhetoric to go around. >> our members believe strongly that raising tax rates will hurt the economy. closing loopholes, especially on those who are wealthy, is a better way to raise this revenue. >> in order for us to raise the amount of revenue that's needed just by closing deductions and loopholes for high earners we'd have to, for example, eliminate or severely cap the char itible deduction. >> an obsession to raise taxes not going to solve the problem. what will solve the problem is doing something about the entitlements, taking on the wasteful spending in washington. >> and meantime, "the new york times" jonathan wiseman reports behind the scene republican leaders are considering the president's plan to extend middle class tax cuts now an address the debt and spending in the new year. here's republican senator tom coburn on "morning joe." >> actually, i would rather see the rates go up than the other way and greater chance to broaden the base in the future. >> do something, a down payment on cuts, on investments and revenue this year. and then in the
. >> the uncertainty? >> yeah. >> blake, if there is a deal to avoid the so-called fiscal cliff, could these jobs numbers get considerable better? >> i think so, but it's funny. the republicans are in a bit of a box here. their motivation is to say it's not so good. a lot of jobless people out there. we have a real problem. meanwhi meanwhile, we have fiscal cliff negotiations where the president wants stimulus mechanisms including an extension of unemployment insurance. they're like a doctor who diagnosed you with a severe ill sxns won't sign the precipitation to give you the medicine. they emphasize the joblessness problem, and they don't want to give you unemployment insurance and tell that to someone laid off sleeping in their car. >> with these jobs numbers, had hurricane sandy not struck how better would this report have been? >> a lot of this was construction job weakness. clearly, that will rebound. one of the unfortunate upsides of natural disaster is that you do, whether the states or federal governments do it or insurance companies, you have a lot of infrastructure spending as people re
to avert the fiscal cliff. these are some live pictures of a diamler plant outside of detroit where the president will be speaking in a couple of minutes. the president greeted by the state's republican governor about an hour ago. one day before a controversial right to work bill the white house is opposed to is signed in to law. we'll have more on that later in the show but as far as the fiscal cliff, our first read team says we are already at the end game if the goal is to get a deal passed by december 21st. now that means the president and house speaker boehner have five days max to reach an agreement. that takes us to the 15th. then the legislation has to be written by the 18th. the president is now working two strategies to get a deal done. he met with speaker boehner yesterday. that's the first face to face in nearly a month and their one on one first one since july 2011. now, the other strategy as michigan congressman clark explains is going to the people. >> i think the best way to break this political gridlock in washington is to go to the american people because it's we th
increases that are coming and know -- listen. once we go over the fiscal cliff, their leverage is gone and i think they have come to turns with the cold reality but not accepted it yet. >> once or if we go over the cliff, the leverage may be gone for the republicans but not a position the president or the white house wants to be in either. >> it will hurt the economy if nothing else. it shows the american people that republicans and democrats at any level seemingly can't work together. >> michael, that's an interesting point. the american public for the most part i think tuning in and out of this. you have "the washington post" reporting that some investors are taking preemptive action to get ahead of things, moving and selling investments offload stocks, expanding charitable donations and expanding tax shelters if you have enough cash to do something like that, preparing for the end of the year. the nutshell, the people with the cash waiting or at least making a plan to do something with it if these shenanigans if i can call it that continue in washington. >> i think most individuals, howev
Search Results 0 to 7 of about 8 (some duplicates have been removed)